It was a volatile week, to say the least. SPX swang for 120 points while RUT went through a wild ride of over 200 points. SPX had a big reversal on Thursday and Friday. It closed at 3974.5 nearing the ATH of 3983.8. It's at the top of its weekly range now. On the other hand, RUT is in the lower weekly range and far from its ATH. It closed the second week in red despite the reversal in the last two days. It closed right at its 50 D SMA. QQQ is also below its 50 DSMA but closed above 20 SMA today. The devergences should a factor to watch. April tends to be a positive month seasonally.
My net liq went through the same swings with the market. It ended at 127K after sending 5K back to ET. The IB account realized 14K profit or more like recovered 14K, slightly better than last week. The leverage is at 319.
The leaning to the bull side bias is working but was pressured over the big swings in March. The 0 DTE worked OK this week as I am not chasing fills. I am OK with missing a trade. I also had two winners with JO IF. It's a quick trade, win or lose. I will stop trading JO's stock spreads. It's a bit too stressful to sell individual stocks. I will continue to follow and learn his butterflies and other types of trades.
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